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KOTAK MAHINDRA BANK LIMITED

Jan 20, 2020 351

HISTORY:

Kotak Mahindra Bank is a privately held private sector Indian bank based in Mumbai, Maharashtra, India. In February 2003, the Reserve Bank of India (RBI) licensed Kotak Mahindra Finance Ltd., the group's flagship company, to carry out the banking business. It offers a wide range of banking products and financial services for corporate and retail clients through a variety of distribution channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance and wealth management.

Kotak Mahindra Bank has a network of 1,336 branches and 2,044 ATMs in 702 localities throughout the country. In 2016, it was the third largest private bank in India by market capitalization.

CHAIRMAN: Uday Kotak